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FxWirePro: XAU/USD downside capped by 23.65 fibo, good to buy on dips

Aug 03, 2017 06:14 am UTC| Technicals

Gold hits one and half month high at $1273 and shown a minor profit booking from that level. The yellow metal downside is limited on account dollar weakness. US Dollar index hits fresh 16 month low of 92.55 and...

FxWirePro: AUD/USD upside capped below 5-DMA, focus on RBA SOMP

Aug 03, 2017 06:08 am UTC| Technicals

AUD/USD extends grind lower after Doji formation on Wednesdays trade, upside capped below 5-DMA. Poor data from Australia and China released earlier today and broad based USD recovery to keep lid on the...

FxWirePro: NZD/JPY momentum with the bears, 50-DMA at 81.245 in sight, stay short

Aug 03, 2017 05:25 am UTC| Technicals

NZD/JPY extends grind lower after rejection at channel top, bias still lower. The pair has broken major trendline support and closed below 20-DMA on Tuesdays trade. We see a bearish 5 and 20-DMA crossover on...

FxWirePro: USD/TWD hovers around key support at 30.22 mark, sustained close below requires for downside rally

Aug 03, 2017 04:25 am UTC| Technicals

USD/TWD is currently trading around 30.22 marks. It made intraday high at 30.31 and low at 30.20 marks. Intraday bias remains neutral for the moment. A daily close above 30.30 will drag the parity up towards...

FxWirePro: USD/THB trades in narrow range, bias remains neutral

Aug 03, 2017 03:46 am UTC| Technicals

USD/THB is currently trading around 33.28 marks. It made intraday high at 33.31 and low at 33.24 marks. Intraday bias remains neutral till the time pair holds key support at 33.23 mark. On the top side, key...

FxWirePro: Nikkei Daily Outlook

Aug 03, 2017 03:02 am UTC| Technicals

Nikkei is trading in narrow range between 20319 and 19836 for the past 45 days. The index is expected to trade weak on account of strong yen. The index has formed a temporary top around 20319 on Jun 20th 2017 and any...

FxWirePro: USD/SGD remains well supported above 1.36 mark, faces strong resistance at 1.3642 mark

Aug 03, 2017 02:57 am UTC| Technicals

USD/SGD is currently trading around 1.3608 marks. It made intraday high at 1.3618 and low at 1.3583 levels. Intraday bias remains bullish till the time pair holds key support at 1.3570 mark. A daily close...

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Economy

India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out

India and the United States have taken a significant step toward strengthening bilateral trade ties with the release of an interim trade framework that includes major tariff reductions on high-end American automobiles and...

Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality

Donald Trump has positioned himself as the Republican Partys chief voice on the cost of living during a pivotal election year, but a Reuters review of his recent speeches shows a growing disconnect between his rhetoric and...

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

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Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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Politics

Jack Lang Resigns as Head of Arab World Institute Amid Epstein Controversy

Jack Lang, a prominent French political figure and former culture minister under President François Mitterrand, has stepped down from his role as president of the Arab World Institute in Paris following mounting...

US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks

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Netanyahu to Meet Trump in Washington as Iran Nuclear Talks Intensify

Israeli Prime Minister Benjamin Netanyahu is expected to meet U.S. President Donald Trump in Washington on Wednesday, with Irans nuclear program and regional security topping the agenda. The meeting comes amid renewed...

Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape

U.S. President Donald Trump has publicly endorsed a proposed merger between Nexstar Media Group and Tegna, signaling renewed political attention on the future of local television broadcasting. In a post shared Saturday on...

Japan Election 2026: Sanae Takaichi Poised for Landslide Win Despite Record Snowfall

Japanese voters headed to the polls on Sunday in a rare winter election that could deliver Prime Minister Sanae Takaichi a commanding mandate, even as record snowfall threatened to suppress turnout in parts of the country....

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....
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